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March 7, 2012 09:47 pm GMT

Sprint Could Kill Their Partnership With LightSquared Next Week

lightsquaredAspiring wireless carrier LightSquared has seen better days theyve had their FCC approval for a network rollout revoked, slashed their work force by 45%, and lost their CEO in just over a months time. 2012 isn't shaping up to be a banner year for the beleaguered company, but according to a report from Bloomberg, LightSquared is on the verge of losing Sprint's support as critical network partner too.The news of Sprint looking to bail out of the deal shouldn't come as much of a shock to LightSquared, as Sprint essentially issued them a six-week extension/ultimatum at the end of January.

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